wheelers hill

3150, Victoria

Real Estate & Property Information

Median Price Rank360

wheelers hill Suburb Profile & Review

In the 1800s, Wheelers Hill was a rest stop for weary travellers on their way into the city. The journey took an unthinkable six to eight hours. Today, the trip takes little more than twenty-five minutes on the Monash Freeway.

The suburb's well-established brick houses are complemented by large blocks of land and healthy bushland. There are eight schools in the vicinity, including Wheelers Hill Secondary College, which was once attended by the lead singer of The Living End, and Caulfield Grammar School, which is adjacent to Jells Park. Jells Park is an incredible, large recreational facility in the Dandenong Creek Valley. Cycling and walking trails wind through wetlands and billabongs before converging on Jells Lake, where fishing is allowed. Madeline's at Jells, a cafe and restaurant within the park, is regularly booked out during the summer months. The Monash Gallery of Art and the Wheelers Hill Library are also located near the park.

Nine bus routes travel through Wheeler's Hill on their way to surrounding suburbs such as Knoxfield, Glen Waverley and Chadstone. The Wheelers Hill Shopping Centre is located on Jells Road and contains a Woolworths supermarket and restaurants, cafes and specialty stores. Centro Brandon Park at the corner of Ferntree Gully Road and Springvale Road boasts 98 stores and a colourful food court.

Invest/Buy/Sell Checklist

Research

7 Tips On How To Buy/Sell Enquiry

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Property/Suburb Report Enquiry

Our free basic suburb report will provide you with a basic snapshot of your suburb’s performance, the types of properties selling in the area and what they are selling for, while our custom report is a very specific property report customised for your property, its specific price range and qualities.

Buyer/Vendor Advocacy Enquiry

Receive Independent Advice about Buying or Selling Our qualified buyer and vendor advocates can help you build your property portfolio with quality capital growth properties or conversely help you sell your property. Their thorough processes are designed to suit your specific needs, and their independent advice can take the stress out of the buying and selling process.

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Finance Strategy & Lending Enquiry

Hone Your Financial Knowledge by Speaking to a Finance BrokerObtain personalised service you can’t find at a bank. Educate yourself about the financial issues involved with buying and selling a property by speaking to a qualified finance broker. They will advise you regarding the best finance options available to you. They can also discuss methods to create wealth and improve your cash-flow.

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Due Diligence

Ownership Structure Enquiry

Are you financially structured the right way to invest in property?Talk to a professional who is able to sit down with you and assess your goals and structure your finances in a way that will help you invest in property for the long-term.

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Property Valuation Enquiry

Have you bought your first investment property and don’t know where to start when it comes to management or just looking for a change? Find a property manager that specialises in customer service, communication, minimal rental arrears, routine inspections and quality tenants.

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Rental Appraisal Enquiry

Have you bought your first investment property and don’t know where to start when it comes to management - or are you just looking for a change? Find a property manager that specialises in customer service, communication, minimal rental arrears, routine inspections and quality tenants.

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Sale Contract Review Enquiry

Check your Contracts Before Making an OfferIf you are serious about purchasing or selling a property with the least hassle then you should engage the services of a reputable conveyancer or lawyer who specialises in property. Have your contracts looked over before buying your next dwelling, for any possible concerns like easements, titles and any caveats, body corporate rules, zoning and planning potential issues.

What is Conveyancing?Conveyancing is the term used to describe the way that a title, rights or interest in land is legally transferred from one person to another.

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Building & Pest Inspection Enquiry

Understand the Condition of Your Property Before You BuyAvoid any nasty surprises before purchasing your property. Request a building and pest inspection report. This report will tell you everything you need to know about the condition of the property, including interior and exterior defects, termite activity and the presence of environmental dangers such as asbestos.

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Post Purchase

Landlords Insurance Enquiry

Get Peace of Mind with Quality Landlord Insurance Protection?Buying an investment property for the first time? Concerned about tenants damaging your property, rental loss or losing your job and being unable to pay your mortgage?

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Depreciation Schedule Enquiry

What is a Depreciation Schedule?A depreciation schedule of your investment prepared by a Quantity Surveyor for the purpose of claiming against your taxable income. There are two main elements taken into account when preparing this report.

Removalist Enquiry

Find the Best Removalist for the JobTake the stress out of relocating by getting in touch with an efficient and qualified removalist team. Professional removalists can help you with packing, loading and unloading during your local or interstate move.

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Adding value

Planning & Permits Enquiry

Find Out Whether Your Property Has Development PotentialWould you like to find out whether your property is subdividable and if you can increase the value of your property by obtaining plans and permits? Or you are looking to extend or renovate your new purchase and need plans and permits?

Our property development experts review whether your property is suitable for development. They carry out the due diligence on the development potential of your property, look at the options available to you (fully costed and assessed), discuss a development strategy, prepare plans to submit to a town planner and local council, and work through applications to achieve town planning approval.

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Trades Enquiry

Find a Qualified Local TradespersonFinding a qualified and reputable local tradesperson can be a hassle, whether you’re looking for an electrician, carpenter, plumber, builder, handyman, gardener or carpet cleaner. Be connected with the right tradesperson today.

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wheelers hill Demographic Data

$ 650,000 Median House Price

26 Minutes Average Commute

44 Median Age

19,105 Population

50.70 % Female

49.30 % Male

5628 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in wheelers hill, Victoria.

wheelers hill Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

wheelers hill Median House Prices

2008 $ 520,000

2009 $ 546,000

2010 $ 615,000

2011 $ 688,750

2012 $ 650,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

wheelers hill 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in wheelers hill have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term wheelers hill property price predictions.

wheelers hill Market Property Types

94 % Seperate House

2 % Semi Detached

4 % Flat or Unit

0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

wheelers hill Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

wheelers hill Income & Mortgage Stats

$ 1,567 Median Weekly Household Income

$ 2,000 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in wheelers hill

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

wheelers hill Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

wheelers hill Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

wheelers hill Related Local Blog Posts

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Australia’s political parties are using housing affordability as a platform to boost their popularity and polarise the community, but is this a local issue? Low interest rate cycles globally have pushed asset prices up, so how will this affect our market?

The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.